Every Great Investment Hurts

What is true that you know but others don’t?

“Obviously you don’t make money if you’re wrong. What most people don’t realize is that you don’t make money if you’re right in consensus. Returns get arbitraged away. The only way you make money is by being right in non-consensus. Which is really hard.”

Via Collaborative Fund https://www.collaborativefund.com/blog/every-great-investment-hurts/